Skip to content
Skip to search

Key figures

Financing key figures

   2013 2012 2011 2010 2009
Interest Cover Ratio (ICR) 3.1  2.8 2.7 3.0 2.7
Average loan maturity, yrs 2.5  2.7 3.1 3.2 2.4
Average fixed interest rate period, yrs 2.3  1.9 2.2 2.2 1.8
Average interest rate,% 3.2  3.4 4.0 3.8 3.7
Hedging rate of interest risk,% 79  72 77 84 65
Equity ratio,% 41  40 38 39 37

Key figures

  31 Dec 2013 31 Dec 2012 31 Dec 2011 31 Dec 2010 31 Dec 2009
Total revenue, M€ 264.3 264.6 248.2 232.1 237.2
Operating profit, M€ 153.0 210.51) 209.6 216.2 -13.3
Profit before taxes, M€ 93.2 151.81) 134.0 157.7 -78.3
Cash flow from operations/share, € 0.40 0.40 0.37 0.37 0.45
NAV/share, € 4.64 4.451) 4.06 3.86 3.54
Earnings/share, € 0.34 0.371) 0.39 0.40 -0.40
Return on investment, % 5.5 7.91) 7.7 7.9 -0.4
P/E ratio 10.16 9.711) 8.02 9.60 -6.79
Equity ratio, % 40.7 41.21) 37.9 39.0 37.3
Gearing, % 125.6 117.91) 134.9 128.7 140.9
Dividend, € 0.183) 0.17 0.16 0.15 0.12
Payout ratio, % 53.493) 45.861) 41.15 37.12 -29.83
Effective dividend yield, % 5.263) 4.72 5.13 3.87 4.40

 

Key figures according to EPRA Best Practices Recommendations

  31 Dec 2013 31 Dec 2012 31 Dec 2011 31 Dec 2010 31 Dec 2009
EPRA Earnings, M€ 111.5 2) 111.91) 2) 75.4 74.0 67.4
EPRA Earnings per share, € 0.39 2) 0.401) 2) 0.27 0.27 0.29
EPRA NAV/share, € 5.29 2) 5.201) 2) 4.84 4.59 4.18
EPRA Net Initial Yield (NIY), % 5.84 6.61 6.39 6.37 -
EPRA "topped-up" NIY, % 5.84 6.63 6.40 6.38 -

1) 2012 figure was  adjusted following the voluntary amendment of accounting principles with regard to IAS 12 and the amendment of IAS 19.

2) In 2013, Sponda have changed the calculation and the presentation of EPRA key figures to match better to the EPRA Best Practices Recommendations.
2012 figures were adjusted accordingly. The notable change relates to deferred taxes on investment properties.

3) Board's proposal